“Binance respectfully requests that Tigran Gambaryan, who has no decision-making power in the company, is not held responsible while current discussions are ongoing between Binance and Nigerian government officials,” the exchange said in Wednesday’s blog post, akin to a character statement. Source
Recent figures show that over a span of 44 consecutive days, 76,179 bitcoins, worth $5.41 billion, have been moved out of Coinbase and Binance, the two leading cryptocurrency exchange and custodial firms by reserve size and total trade volume. Robinhood Bucks Trend With Bitcoin Inflows as Coinbase and Binance Face Outflows A significant volume of […] Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Fezoo (FEZ) presale is attracting capital from BCH and DOT holders as the platform aims to overtake Binance with hot Easter promotions. Well-renowned crypto assets have a huge advantage in the crypto world. Prominent cryptocurrencies like Bitcoin Cash (BCH) and Polkadot (DOT) already have a significant number of investors, while trading platforms like Binance have established some level of market hegemony. It has become quite difficult for new…
In separate filings, Tigran Gambaryan, head of financial crime compliance at the world’s largest crypto exchange, and Nadeem Anjarwalla, regional manager for Africa, urged the Federal High Court in Abuja to order the agencies to release them, return their passports and issue a public apology, Leadership reported, citing the government-owned News Agency of Nigeria. Source
Popular crypto analyst Xremlin, known on social platforms as @0x_gremlin, told his 104,000 followers that the altcoin season in 2024 could eclipse the monumental gains seen in 2021. Reflecting on the historical significance of major exchange listings, Xremlin emphasized, “Altseason 2024 > Altseason 2021. Your bags are headed to Valhalla.” During the 2021 altseason, altcoins such as Polygon (MATIC) and Solana (SOL) saw a staggering 300x increase, largely attributed to listings on Tier-1 centralized exchanges (CEXs) like Binance and Coinbase, according to him. “MATIC and SOL’s 300x was fueled by…
Binance is having a weird moment, perhaps most clearly illustrated by the fact that a national government detained two of its executives for a month now – and one is only free because he seemingly escaped custody. Source
The Philippines has proceeded to block crypto exchange Binance. The country’s Securities and Exchange Commission (SEC) has concluded that the public’s continued access to Binance’s websites and apps “poses a threat to the security of the funds of investing Filipinos.” The Philippine SEC Warns Against ‘Investing in and Using Binance’ The Philippine Securities and Exchange […] Source CryptoX Portal
Of course, Nigeria might do well to welcome the crypto industry to the country, which will help jumpstart a financial services industry and contribute to the national coffers. Notably, after Gambaryan and Anjarwalla’s arrest, a Binance spokesperson said that Nigeria was “not yet” one of its top markets, though the country, with a population of more than 200 million people, holds “extraordinary potential and we hope to continue to invest there.” Source
The regulator filed a formal request with the national telecommunications agency on March 12 to help in “blocking the website and other web pages used by Binance, which was found to have offered an investment and trading platform without the necessary license.” Source
The charges, which also name two Binance executives detained by the government, were announced by the Federal Inland Revenue Service (FIRS) and filed at the Federal High Court in Abuja, one outlet reported. The exchange is being charged with four counts of tax evasion, including “non-payment of Value-Added Tax (VAT), Company Income Tax, failure to tax returns, and complicity in aiding customers to evade taxes through its platform.” Source